Date | Analyst | Company | Last | Target | Call | Valuation |
04/22/16 | CIMB | Guocoland | 1.89 | 2.74 | Add | RNAV (25% discount) |
05/24/16 | UOB Kay Hian | Guocoland | 1.78 | 2.55 | Buy | |
09/02/16 | CIMB | Guocoland | 1.905 | 2.59 | Add | RNAV (25% discount) |
10/26/16 | CIMB | Guocoland | 1.99 | 2.59 | Add | RNAV (25% discount) |
11/09/16 | UOB Kay Hian | Guocoland | 1.91 | 2.55 | Buy | |
01/24/17 | CIMB | Guocoland | 1.845 | 2.59 | Add | RNAV (25% discount) |
03/08/17 | UOB Kay Hian | Guocoland | 1.85 | 2.55 | Buy | |
08/17/17 | Kim Eng | Guocoland | 2.04 | 2.75 | Buy | RNAV (22% discount) |
08/25/17 | UOB Kay Hian | Guocoland | 2.28 | 2.8 | Buy | RNAV (23.5% discount) |
08/29/17 | CIMB | Guocoland | 2.32 | 2.77 | Add | RNAV (25% discount) |
09/18/17 | UOB Kay Hian | Guocoland | 2.29 | 2.8 | Buy | |
09/25/17 | Kim Eng | Guocoland | 2.29 | 2.75 | Buy | RNAV (23.5% discount) |
10/09/17 | Kim Eng | Guocoland | 2.31 | 2.9 | Buy | RNAV (20% discount) |
10/20/17 | CIMB | Guocoland | 2.41 | 2.28 | Add | RNAV (25% discount) |
11/17/17 | Kim Eng | Guocoland | 2.19 | 2.9 | Buy | |
12/01/17 | UOB Kay Hian | Guocoland | 2.08 | 2.8 | Buy | |
12/07/17 | Kim Eng | Guocoland | 2.09 | 2.95 | Buy | RNAV (20% discount) |
Wednesday, January 3, 2018
Guocoland - Stock calls
Stock calls for 3 January 2018
Date | Analyst | Company | Last | Target | Call | Valuation |
01/03/18 | Deutsche | Capitaland | 3.55 | 4.6 | Buy | |
01/03/18 | Amfrasers | Comfortdelgro | 2.01 | 2.24 | Buy | PER16x FY18 |
01/03/18 | DBS Vickers | HRnetGroup | 0.79 | 0.96 | Buy | DCF & PER15x FY18 (ex-cash) |
01/03/18 | Lim & Tan | Manulife US Reit | 0.93 | 1 | Buy | |
01/03/18 | Lim & Tan | MIT | 0.26 | 0 | Buy | |
01/03/18 | DMG & Partners | OUE Hospitality | 0.855 | 0.91 | Buy | DDM |
01/03/18 | OCBC | Sembcorp Marine | 1.87 | 1.78 | Hold | PB1.85x |
01/03/18 | UOB Kay Hian | SIA | 10.67 | 11.9 | Buy | PB0.9x FY18 |
01/03/18 | OCBC | SIA | 10.67 | 10.5 | Hold | |
01/03/18 | UOB Kay Hian | Tianjin Zhongxin | 0.945 | 1.52 | Buy | PER14.1x FY18 |
01/03/18 | Citibank | Yanlord | 1.72 | 1.75 | Neutral | RNAV (50% discount) |
The world is silent on Rohingya because of the past historical events.
https://sg.news.yahoo.com/world-apos-awkward-silence-over-050006212.html
Only countries that don't understand the past history of Myanmar will continue to interfere and badmouth Myanmar over Rohingya. Historical feuds are very difficult to resolve.
http://sg-stock.blogspot.sg/2017/12/the-truth-of-rohingya-and-main-culprit.html
This is the reason we don't see the world asking South Korea, China, Philippines not to mention the "comfort woman" issue again. Instead, we see "Comfort Woman" statures being set up in these countries to remind Japan of its past atrocities.
What can we say about these ignorant countries? The famous adage "Empty vessels make the most noise" is still valid today.
Only countries that don't understand the past history of Myanmar will continue to interfere and badmouth Myanmar over Rohingya. Historical feuds are very difficult to resolve.
http://sg-stock.blogspot.sg/2017/12/the-truth-of-rohingya-and-main-culprit.html
This is the reason we don't see the world asking South Korea, China, Philippines not to mention the "comfort woman" issue again. Instead, we see "Comfort Woman" statures being set up in these countries to remind Japan of its past atrocities.
What can we say about these ignorant countries? The famous adage "Empty vessels make the most noise" is still valid today.
Iran's instability has started and Trump is fanning the fire.
https://www.theguardian.com/world/2017/dec/31/protesters-who-spread-fear-and-violence-will-be-confronted-says-iran
Sigh! The USA is creating trouble again in the Middle East (Iran).
I'm not surprised if the USA is found to be behind this especially the CIA. The USA is well-known to support the opposition to overthrow the ruling government when the local government is not supportive of the USA policies.
Sigh! The USA is creating trouble again in the Middle East (Iran).
I'm not surprised if the USA is found to be behind this especially the CIA. The USA is well-known to support the opposition to overthrow the ruling government when the local government is not supportive of the USA policies.
Hot news - Latest update on the detained HK ship which was chartered by Taiwan.
The truth is out finally! It was Taiwan that was responsible for selling the oil at sea to North Korea.
This was not the first time that Taiwan was doing this. In fact, Taiwan had been doing barter trades with North Korea for oil-and-weapon exchanges. As NK has no money to buy oil, NK is buying oil by exchanging its weapons with Taiwan in this way.
http://sg-stock.blogspot.sg/2017/12/the-western-media-are-smearing-china.html
Taiwan had also been buying NK coals because it was facing an energy crisis locally since the ruling party didn't want to use nuclear energy.
https://www.taiwannews.com.tw/en/news/3316011
President Trump and the western media were all out to smear and discredit China for selling oil to NK but it was Taiwan that was doing the barter trades with NK. Once the truth is revealed by trustworthy news media, it will make Trump and the western media look very bad.
We'll post the revelation link once we managed to find the news from trustworthy media.
This was not the first time that Taiwan was doing this. In fact, Taiwan had been doing barter trades with North Korea for oil-and-weapon exchanges. As NK has no money to buy oil, NK is buying oil by exchanging its weapons with Taiwan in this way.
http://sg-stock.blogspot.sg/2017/12/the-western-media-are-smearing-china.html
Taiwan had also been buying NK coals because it was facing an energy crisis locally since the ruling party didn't want to use nuclear energy.
https://www.taiwannews.com.tw/en/news/3316011
President Trump and the western media were all out to smear and discredit China for selling oil to NK but it was Taiwan that was doing the barter trades with NK. Once the truth is revealed by trustworthy news media, it will make Trump and the western media look very bad.
We'll post the revelation link once we managed to find the news from trustworthy media.
Tuesday, January 2, 2018
Golden Energy - Stock calls
Date | Analyst | Company | Last | Target | Call | Valuation |
01/12/17 | Amfraserss | Golden Energy | 0.475 | 0.95 | Buy | DCF |
02/21/17 | Amfrasers | Golden Energy | 0.54 | 0.95 | Buy | DCF |
03/02/17 | Amfrasers | Golden Energy | 0.545 | 0.96 | Buy | DCF |
05/17/17 | Amfrasers | Golden Energy | 0.435 | 0.78 | Buy | DCF |
05/18/17 | DMG & Partners | Golden Energy | 0.415 | 0.71 | Buy | DCF, PER14.7x FY17, PER12.4x FY18 |
08/16/17 | DMG & Partners | Golden Energy | 0.39 | 0.71 | Buy | DCF, PER12.4x FY18 |
08/17/17 | Amfrasers | Golden Energy | 0.395 | 0.78 | Buy | DCF |
08/28/17 | phillip | Golden Energy | 0.445 | 0.59 | Buy | PER10x |
11/21/17 | phillip | Golden Energy | 0.42 | 0.59 | Buy | PER10x, PB1.36x |
12/01/17 | Amfrasers | Golden Energy | 0.4 | 0.78 | Buy | |
12/01/17 | phillip | Golden Energy | 0.4 | 0.59 | Buy |
Global Agri - Stock calls
Date | Analyst | Company | Last | Target | Call | Valuation |
01/08/16 | Deutsche | Golden Agri | 0.33 | 0.42 | Buy | PER20x FY16 |
02/05/16 | UOB Kay Hian | Golden Agri | 0.375 | 0.44 | Buy | |
03/01/16 | CIMB | Golden Agri | 0.37 | 0.35 | Reduce | PER15x CY17 |
03/01/16 | DMG & Partners | Golden Agri | 0.37 | 0.47 | Buy | PER17x FY16 |
03/01/16 | UOB Kay Hian | Golden Agri | 0.37 | 0.44 | Buy | PER15x FY16 |
03/02/16 | DBS Vickers | Golden Agri | 0.37 | 0.38 | Not Rated | DCF |
03/02/16 | Nomura | Golden Agri | 0.37 | 0.3 | Reduce | |
03/02/16 | OCBC | Golden Agri | 0.37 | 0.34 | Hold | |
03/31/16 | UOB Kay Hian | Golden Agri | 0.425 | 0.48 | Buy | |
04/12/16 | DBS Vickers | Golden Agri | 0.405 | 0.38 | Not Rated | |
04/12/16 | Deutsche | Golden Agri | 0.405 | 0.6 | Buy | |
05/04/16 | Credit Suisse | Golden Agri | 0.39 | 0.4 | Neutral | |
05/16/16 | CIMB | Golden Agri | 0.37 | 0.35 | Reduce | PER15x |
05/16/16 | DBS Vickers | Golden Agri | 0.37 | 0.35 | Not Rated | |
05/16/16 | OCBC | Golden Agri | 0.37 | 0.34 | Hold | PER12.5x FY15/16 |
05/18/16 | UOB Kay Hian | Golden Agri | 0.37 | 0.44 | Buy | |
07/21/16 | DBS Vickers | Golden Agri | 0.35 | 0.33 | Not Rated | |
07/21/16 | UOB Kay Hian | Golden Agri | 0.35 | 0.44 | Buy | |
08/08/16 | DMG & Partners | Golden Agri | 0.365 | 0.42 | Buy | |
08/15/16 | CIMB | Golden Agri | 0.37 | 0.35 | Reduce | PER15x FY17 |
08/15/16 | Credit Suisse | Golden Agri | 0.37 | 0.34 | Underperform | |
08/15/16 | DMG & Partners | Golden Agri | 0.37 | 0.44 | Buy | PER18x FY17 |
08/15/16 | OCBC | Golden Agri | 0.37 | 0.34 | Hold | PER12.5x FY17, Buy @ $0.33 or lower |
08/15/16 | UOB Kay Hian | Golden Agri | 0.37 | 0.42 | Buy | PER15x FY17 |
08/16/16 | DBS Vickers | Golden Agri | 0.37 | 0.34 | Not Rated | DCF |
10/25/16 | DBS Vickers | Golden Agri | 0.38 | 0.37 | Not Rated | |
11/15/16 | CIMB | Golden Agri | 0.39 | 0.38 | Reduce | PER15x FY17 |
11/15/16 | Credit Suisse | Golden Agri | 0.39 | 0.34 | Underperform | |
11/15/16 | DMG & Partners | Golden Agri | 0.39 | 0.46 | Buy | PER18x FY17 |
11/15/16 | OCBC | Golden Agri | 0.39 | 0.37 | Hold | PER13.5x FY17 |
11/15/16 | UOB Kay Hian | Golden Agri | 0.39 | 0.42 | Buy | PER15x FY17 |
11/16/16 | DBS Vickers | Golden Agri | 0.385 | 0.39 | Not Rated | DCF |
12/02/16 | DMG & Partners | Golden Agri | 0.435 | 0.46 | Buy | PER18x FY17 |
12/06/16 | CIMB | Golden Agri | 0.44 | 0.38 | Reduce | PER15x FY17 |
12/07/16 | Deutsche | Golden Agri | 0.43 | 0.6 | Buy | |
12/08/16 | UOB Kay Hian | Golden Agri | 0.44 | 0.42 | Hold | |
12/12/16 | OCBC | Golden Agri | 0.425 | 0.37 | Hold | |
01/10/17 | DMG & Partners | Golden Agri | 0.43 | 0.5 | Buy | PER19x FY17 |
01/11/17 | DBS Vickers | Golden Agri | 0.425 | 0.39 | Not Rated | |
02/13/17 | DBS Vickers | Golden Agri | 0.425 | 0.39 | Not Rated | |
02/27/17 | CIMB | Golden Agri | 0.4 | 0.37 | Reduce | PER15x |
02/27/17 | Credit Suisse | Golden Agri | 0.4 | 0.38 | Underperform | |
02/27/17 | DMG & Partners | Golden Agri | 0.4 | 0.45 | Buy | PER19x FY17 |
02/27/17 | OCBC | Golden Agri | 0.4 | 0.38 | Hold | |
02/27/17 | UOB Kay Hian | Golden Agri | 0.4 | 0.45 | Hold | PER15x FY17, Buy @ $0.38 |
03/13/17 | DBS Vickers | Golden Agri | 0.375 | 0.42 | Not Rated | |
04/06/17 | Macquarie | Golden Agri | 0.375 | 0.4 | Neutral | |
04/11/17 | DMG & Partners | Golden Agri | 0.37 | 0.39 | Neutral | |
04/13/17 | Credit Suisse | Golden Agri | 0.365 | 0.33 | Underperform | |
05/08/17 | UOB Kay Hian | Golden Agri | 0.36 | 0.45 | Hold | |
05/16/17 | CIMB | Golden Agri | 0.375 | 0.37 | Reduce | PER15x FY17 |
05/16/17 | Credit Suisse | Golden Agri | 0.375 | 0.33 | Underperform | |
05/16/17 | DMG & Partners | Golden Agri | 0.375 | 0.39 | Neutral | PER17x F17 |
05/16/17 | OCBC | Golden Agri | 0.375 | 0.38 | Hold | |
06/20/17 | OCBC | Golden Agri | 0.37 | 0.38 | Hold | |
06/29/17 | UOB Kay Hian | Golden Agri | 0.375 | 0.34 | Hold | |
08/15/17 | Credit Suisse | Golden Agri | 0.375 | 0.33 | Underperform | |
08/15/17 | OCBC | Golden Agri | 0.375 | 0.36 | Hold | PER16x FY18 |
08/15/17 | UOB Kay Hian | Golden Agri | 0.375 | 0.34 | Hold | PER13x FY18, Buy @ $0.30 |
08/15/17 | CIMB | Golden Agri | 0.375 | 0.37 | Reduce | PER15x FY17 |
08/28/17 | DIR | Golden Agri | 0.385 | 0.32 | Underperform | PER18x FY17/18 |
09/12/17 | OCBC | Golden Agri | 0.375 | 0.36 | Hold | |
09/12/17 | UOB Kay Hian | Golden Agri | 0.375 | 0.34 | Hold | PER13x FY18 |
09/13/17 | DBS Vickers | Golden Agri | 0.38 | 0.39 | Not Rated | |
10/05/17 | OCBC | Golden Agri | 0.38 | 0.35 | Hold | |
11/15/17 | UOB Kay Hian | Golden Agri | 0.39 | 0.34 | Hold | PER13x FY18, Buy @ $0.3 |
11/15/17 | OCBC | Golden Agri | 0.39 | 0.37 | Hold | |
11/15/17 | Credit Suisse | Golden Agri | 0.39 | 0.35 | Underperform | |
11/15/17 | CIMB | Golden Agri | 0.39 | 0.36 | Reduce | PER15x FY19 |
12/20/17 | CIMB | Golden Agri | 0.375 | 0.36 | Reduce |
Stock calls for 2 January 2018
Date | Analyst | Company | Last | Target | Call | Valuation |
01/02/18 | Kim Eng | Capitamall Trust | 2.13 | 2.15 | Hold | DDM |
01/02/18 | UBS | Cromwell Reit (EUR) | 0.555 | 0.62 | Buy | |
01/02/18 | Goldman Sachs | Cromwell Reit (EUR) | 0.555 | 0.58 | Neutral | |
01/02/18 | UOB Kay Hian | DBS | 24.85 | 26.1 | Buy | GGM, PB1.38x FY18 |
01/02/18 | Lim & Tan | Frasers Centrepoint Ltd | 2.08 | 0 | Buy | |
01/02/18 | Kim Eng | Frasers Centrepoint Trust | 2.24 | 2.45 | Buy | DDM |
01/02/18 | Kim Eng | Mapletree Commercial | 1.62 | 1.45 | Sell | DDM |
01/02/18 | UOB Kay Hian | OCBC | 12.39 | 13.56 | Buy | GGM, PB1.44x FY18 |
01/02/18 | UOB Kay Hian | Sembcorp Industries | 3.03 | 3.87 | Buy | |
01/02/18 | UOB Kay Hian | Sembcorp Marine | 1.84 | 2.1 | Buy | |
01/02/18 | CIMB | Sembcorp Marine | 1.84 | 2.49 | Add | PB2x FY18 |
01/02/18 | Kim Eng | SPH Reit | 1.05 | 1 | Hold | DDM |
01/02/18 | Kim Eng | Starhill | 0.78 | 0.7 | Sell | DDM |
01/02/18 | OCBC | Yoma | 0.54 | 0.55 | Hold |
The USA also accused Russia of exporting oil to North Korea at sea.
https://www.reuters.com/article/us-northkorea-missiles-russia-oil-exclus/exclusive-russian-tankers-fueled-north-korea-via-transfers-at-sea-sources-idUSKBN1EN1OJ
The USA was using the same tactic again (fabrication). The accusation of China but not Taiwan was not enough for the USA because the USA knew Russia would get involved in the peninsula war. Therefore, the USA had to accuse Russia too.
Let's see what the USA will accuse of the Panama flagged ship.
https://www.usnews.com/news/world/articles/2017-12-31/s-korea-holds-panama-oil-tanker-suspected-of-n-korea-trade
Just look at the accusation of Iraq by the USA (Weapons of mass destruction). Without this accusation, the USA couldn't find any reason to attack Iraq. Anyway, it was an illegal attack as denounced by the UK later.
Asian countries should stand together to fight against USA's accusation and not let the USA attack any Asian country without any concrete proof. The evidence produced by the USA must be vetted by Asian countries for veritable legitimacy too. We truly need an Asia-Pacific defence organization which is similar to NATO to protect Asian interest.
The USA was using the same tactic again (fabrication). The accusation of China but not Taiwan was not enough for the USA because the USA knew Russia would get involved in the peninsula war. Therefore, the USA had to accuse Russia too.
Let's see what the USA will accuse of the Panama flagged ship.
https://www.usnews.com/news/world/articles/2017-12-31/s-korea-holds-panama-oil-tanker-suspected-of-n-korea-trade
Just look at the accusation of Iraq by the USA (Weapons of mass destruction). Without this accusation, the USA couldn't find any reason to attack Iraq. Anyway, it was an illegal attack as denounced by the UK later.
Asian countries should stand together to fight against USA's accusation and not let the USA attack any Asian country without any concrete proof. The evidence produced by the USA must be vetted by Asian countries for veritable legitimacy too. We truly need an Asia-Pacific defence organization which is similar to NATO to protect Asian interest.
Monday, January 1, 2018
Global Premium Hotel - Stock calls
Date | Analyst | Company | Last | Target | Call | Valuation |
02/04/16 | OCBC | Global Premium Hotel | 0.29 | 0.33 | Hold | |
05/10/16 | OCBC | Global Premium Hotel | 0.29 | 0.31 | Hold | RNAV (55% discount) |
08/04/16 | OCBC | Global Premium Hotel | 0.29 | 0.31 | Hold | |
11/04/16 | OCBC | Global Premium Hotel | 0.28 | 0.31 | Hold | |
02/14/17 | OCBC | Global Premium Hotel | 0.31 | 0.34 | Hold | Buy @ $0.29 or lower |
Global Logistics - Stock calls
Date | Analyst | Company | Last | Target | Call | Valuation |
01/08/16 | DBS Vickers | Global Logistics | 1.96 | 2.73 | Buy | RNAV (20% discount) |
01/26/16 | Deutsche | Global Logistics | 1.73 | 2.4 | Buy | |
01/29/16 | phillip | Global Logistics | 1.67 | 2.48 | Buy | PB1x FY16 |
02/03/16 | Deutsche | Global Logistics | 1.665 | 2.3 | Buy | |
02/04/16 | Lim & Tan | Global Logistics | 1.620 | 0 | Buy | |
02/04/16 | OCBC | Global Logistics | 1.620 | 2.68 | Buy | |
02/05/16 | CIMB | Global Logistics | 1.630 | 2.74 | Add | Sum of parts |
02/05/16 | DBS Vickers | Global Logistics | 1.630 | 2.47 | Buy | RNAV (30% discount) |
02/05/16 | JP Morgan | Global Logistics | 1.630 | 2.2 | Overweight | |
02/05/16 | phillip | Global Logistics | 1.630 | 2.43 | Buy | RNAV |
02/11/16 | Citigroup | Global Logistics | 1.630 | 1.73 | Neutral | RNAV (40% discount) |
02/16/16 | Macquarie | Global Logistics | 1.630 | 2.89 | Outperform | |
02/25/16 | Deutsche | Global Logistics | 1.730 | 2.3 | Buy | RNAV (50% discount) |
03/24/16 | Deutsche | Global Logistics | 1.980 | 2.3 | Buy | RNAV (42.4% discount) |
04/04/16 | OCBC | Global Logistics | 1.935 | 2.68 | Buy | |
05/19/16 | Lim & Tan | Global Logistics | 1.905 | 0 | Buy | |
05/20/16 | CIMB | Global Logistics | 1.845 | 2.72 | Add | RNAV |
05/20/16 | Macquarie | Global Logistics | 1.845 | 2.89 | Outperform | Sum of parts |
05/20/16 | OCBC | Global Logistics | 1.845 | 2.37 | Buy | |
05/23/16 | DBS Vickers | Global Logistics | 1.825 | 2.47 | Buy | |
05/23/16 | phillip | Global Logistics | 1.825 | 2.28 | Accumulate | RNAV (15% discount) |
06/03/16 | Lim & Tan | Global Logistics | 1.790 | 0 | Buy | |
06/03/16 | OCBC | Global Logistics | 1.790 | 2.37 | Buy | |
07/01/16 | Lim & Tan | Global Logistics | 1.800 | 0 | Buy | |
07/11/16 | OCBC | Global Logistics | 1.830 | 2.37 | Buy | |
07/26/16 | Deutsche | Global Logistics | 1.960 | 2.3 | Buy | |
08/12/16 | JP Morgan | Global Logistics | 1.950 | 2.15 | Overweight | |
08/12/16 | Lim & Tan | Global Logistics | 1.950 | 0 | Hold | |
08/12/16 | OCBC | Global Logistics | 1.950 | 2.37 | Buy | |
08/15/16 | CIMB | Global Logistics | 1.930 | 2.72 | Add | RNAV |
08/15/16 | phillip | Global Logistics | 1.930 | 2.28 | Accumulate | RNAV (15% discount) |
08/16/16 | DBS Vickers | Global Logistics | 1.930 | 2.47 | Buy | RNAV (30% discount) |
08/25/16 | Credit Suisse | Global Logistics | 1.920 | 1.65 | Underperform | RNAV (32% discount), PER26x |
09/02/16 | OCBC | Global Logistics | 1.825 | 2.37 | Buy | |
09/13/16 | Lim & Tan | Global Logistics | 1.860 | 0 | Buy | |
09/14/16 | CIMB | Global Logistics | 1.820 | 2.73 | Add | RNAV |
09/14/16 | DBS Vickers | Global Logistics | 1.820 | 2.47 | Buy | RNAV (30% discount) |
09/14/16 | Macquarie | Global Logistics | 1.820 | 2.4 | Outperform | |
10/11/16 | Lim & Tan | Global Logistics | 1.860 | 0 | Buy | |
10/14/16 | OCBC | Global Logistics | 1.815 | 2.37 | Buy | |
11/03/16 | JP Morgan | Global Logistics | 1.945 | 2.15 | Overweight | |
11/03/16 | Macquarie | Global Logistics | 1.945 | 2.4 | Outperform | Sum of parts (20% discount) |
11/08/16 | Lim & Tan | Global Logistics | 2.040 | 0 | Buy | |
11/08/16 | OCBC | Global Logistics | 2.040 | 2.37 | Buy | |
11/09/16 | CIMB | Global Logistics | 2.100 | 2.73 | Add | Sum of parts |
11/09/16 | Credit Suisse | Global Logistics | 2.100 | 1.73 | Underperform | |
11/09/16 | DBS Vickers | Global Logistics | 2.100 | 2.47 | Buy | RNAV (30% discount) |
11/09/16 | OCBC | Global Logistics | 2.100 | 2.37 | Buy | |
11/09/16 | phillip | Global Logistics | 2.100 | 2.31 | Accumulate | RNAV (15% discount) |
11/23/16 | UOB Kay Hian | Global Logistics | 2.040 | 2.4 | Buy | RNAV (22% discount) |
12/01/16 | Lim & Tan | Global Logistics | 2.060 | 0 | Buy | |
12/02/16 | OCBC | Global Logistics | 2.060 | 2.37 | Buy | |
12/06/16 | CIMB | Global Logistics | 2.280 | 2.73 | Add | RNAV |
12/07/16 | Deutsche | Global Logistics | 2.270 | 2.3 | Buy | |
12/13/16 | UOB Kay Hian | Global Logistics | 2.240 | 2.4 | Hold | |
12/15/16 | DBS Vickers | Global Logistics | 2.220 | 2.47 | Buy | RNAV (30% discount) |
01/06/17 | Lim & Tan | Global Logistics | 2.400 | 0 | Buy | |
01/09/17 | DBS Vickers | Global Logistics | 2.460 | 2.47 | Buy | RNAV (30% discount) |
01/13/17 | Lim & Tan | Global Logistics | 2.610 | 0 | Hold | |
01/31/17 | Credit Suisse | Global Logistics | 2.620 | 2.55 | Underperform | |
02/06/17 | Lim & Tan | Global Logistics | 2.620 | 0 | Hold | |
02/10/17 | CIMB | Global Logistics | 2.780 | 2.79 | Hold | Sum of parts |
02/10/17 | Credit Suisse | Global Logistics | 2.780 | 2.75 | Neutral | |
02/10/17 | OCBC | Global Logistics | 2.780 | 2.87 | Hold | |
02/10/17 | UOB Kay Hian | Global Logistics | 2.780 | 2.5 | Hold | RNAV (20% discount) |
02/13/17 | DBS Vickers | Global Logistics | 2.760 | 3 | Buy | RNAV (15% discount) |
02/13/17 | phillip | Global Logistics | 2.760 | 2.6 | Neutral | RNAV (10% discount) |
03/09/17 | Lim & Tan | Global Logistics | 2.730 | 0 | Hold | |
03/13/17 | UOB Kay Hian | Global Logistics | 2.720 | 2.5 | Hold | |
04/03/17 | OCBC | Global Logistics | 2.780 | 2.87 | Hold | |
04/27/17 | phillip | Global Logistics | 2.880 | 2.6 | Neutral | |
05/17/17 | DBS Vickers | Global Logistics | 2.910 | 3 | Hold | RNAV (15% discount), PB1.2x |
05/19/17 | Lim & Tan | Global Logistics | 2.900 | 0 | Hold | |
05/19/17 | OCBC | Global Logistics | 2.900 | 2.87 | Hold | |
05/22/17 | CIMB | Global Logistics | 2.930 | 3.05 | Hold | RNAV |
05/22/17 | Credit Suisse | Global Logistics | 2.930 | 2.78 | Neutral | PB1.07x |
05/22/17 | UOB Kay Hian | Global Logistics | 2.930 | 2.75 | Hold | RNAV (19% discount), Buy @ $2.55 |
05/23/17 | phillip | Global Logistics | 2.900 | 2.87 | Neutral | RNAV (10% discount) |
06/09/17 | Lim & Tan | Global Logistics | 2.940 | 0 | Hold | |
06/22/17 | Deutsche | Global Logistics | 2.990 | 2.6 | Hold | |
07/17/17 | phillip | Global Logistics | 3.290 | 3.38 | Accept Offer | Offer price $3.38 |
07/17/17 | UOB Kay Hian | Global Logistics | 3.290 | 3.38 | Accept Offer | Offer price $3.38 |
07/17/17 | Credit Suisse | Global Logistics | 3.290 | 3.38 | Accept Offer | Offer price $3.38 (PB1.3x) |
07/17/17 | Lim & Tan | Global Logistics | 3.290 | 3.38 | Accept Offer | Offer price $3.38 |
08/10/17 | CIMB | Global Logistics | 3.250 | 3.38 | Hold | Offer price $3.38 |
09/18/17 | UOB Kay Hian | Global Logistics | 3.280 | 2.75 | Hold | |
10/02/17 | OCBC | Global Logistics | 3.300 | 2.87 | Accept Offer | Offer price $3.38 |
12/20/17 | CIMB | Global Logistics | 3.360 | 3.38 | Hold |
Global Invacom - Stock calls
Date | Analyst | Company | Last | Target | Call | Valuation |
05/13/16 | DMG & Partners | Global Invacom | 0.106 | 0.28 | Buy | PER13.5x FY16, PB0.85x |
06/15/16 | DMG & Partners | Global Invacom | 0.109 | 0.28 | Buy | |
07/11/16 | DMG & Partners | Global Invacom | 0.121 | 0.28 | Buy | PER7x FY17 |
08/05/16 | DMG & Partners | Global Invacom | 0.165 | 0.28 | Buy | |
10/20/16 | DMG & Partners | Global Invacom | 0.167 | 0.28 | Buy | |
11/14/16 | DMG & Partners | Global Invacom | 0.183 | 0.25 | Buy | PER9x FY17 |
01/06/17 | DMG & Partners | Global Invacom | 0.156 | 0.25 | Buy | |
02/24/17 | DMG & Partners | Global Invacom | 0.144 | 0.26 | Buy | PER12x FY17 |
05/11/17 | DMG & Partners | Global Invacom | 0.166 | 0.26 | Buy |
Singapore GDP grew 3.5% in 2017
https://www.theedgesingapore.com/singapores-economy-grew-35-2017-pm-lee
Farewell cheers to Singapore in 2017 and welcome to 2018!
Singapore grew 3.5% in 2017 because of China's exports but PM Lee didn't pay tribute to China for SG's prosperity. Without China including HK, SG couldn't have grown this much if we were to exclude international trading. This conclusion can be affirmed by the NODX statistics.
Is this good economic growth sustainable? No! Why?
SG is on the cusp of an inflection point now because many ports associated with China will be up and running in the next few years. Meanwhile, some such China linked ports have started operations recently.
Once these ports build up their capacities and cargo volumes, they will definitely cannibalize SG port. Furthermore, the Arctic sea lane is also becoming commercially viable and this will redirect a lot of cargoes away from the South East Asia sea lane.
Thus, we must enjoy our prosperity while it still lasts!
Farewell cheers to Singapore in 2017 and welcome to 2018!
Singapore grew 3.5% in 2017 because of China's exports but PM Lee didn't pay tribute to China for SG's prosperity. Without China including HK, SG couldn't have grown this much if we were to exclude international trading. This conclusion can be affirmed by the NODX statistics.
Is this good economic growth sustainable? No! Why?
SG is on the cusp of an inflection point now because many ports associated with China will be up and running in the next few years. Meanwhile, some such China linked ports have started operations recently.
Once these ports build up their capacities and cargo volumes, they will definitely cannibalize SG port. Furthermore, the Arctic sea lane is also becoming commercially viable and this will redirect a lot of cargoes away from the South East Asia sea lane.
Thus, we must enjoy our prosperity while it still lasts!
Saturday, December 30, 2017
The US risk-free rate is stagnant for now.
The US 10-year treasury yield is the risk-free rate and is stagnant for now. This shows that investors are not convinced that the FED will continue to raise rates in 2018 and 2019. However, investors will be awakened from this denial in the resolution of FED because economic logic will prevail.
The USD has been falling recently.
The USD has been falling after the FED hiked interest rate.
The gold price has been increasing due to the depreciation in USD. This is a normal inverse relationship because it will cost lesser to buy gold with the same amount of USD since gold is priced in USD.
However, we believe the dip in the USD is only a temporary phenomenon because of the current investors' denial of the resolution of the FED. The economic logic of the impending continual interest rate increases by the FED will prevail in the future by attracting monies to flow back to the USA and the new USA tax structure proposals will force the monies back as well.
The gold price has been increasing due to the depreciation in USD. This is a normal inverse relationship because it will cost lesser to buy gold with the same amount of USD since gold is priced in USD.
However, we believe the dip in the USD is only a temporary phenomenon because of the current investors' denial of the resolution of the FED. The economic logic of the impending continual interest rate increases by the FED will prevail in the future by attracting monies to flow back to the USA and the new USA tax structure proposals will force the monies back as well.
US rig count - 929
HOUSTON (AP) — The number of rigs exploring for oil and natural gas in the U.S. declined by two this week to 929.
That exceeds the 658 rigs that were active this time a year ago.
Houston oilfield services company Baker Hughes reported on Friday that 747 rigs were drilling for oil and 182 for natural gas this week.
Among oil- and gas-producing states, Colorado and Ohio each gained one rig.
North Dakota and Texas were down by two each, while Utah decreased by one.
Alaska, Arkansas, California, Louisiana, New Mexico, Oklahoma, Pennsylvania, West Virginia and Wyoming were unchanged.
The U.S. rig count peaked at 4,530 in 1981. It bottomed out in May of 2016 at 404.
===========================
Related stocks: Keppel Corp, Sembcorp Marine & Cosco
Friday, December 29, 2017
China 5-star hotels use toilet brushes to wash cups and basins.
http://www.scmp.com/news/china/society/article/2125843/chinese-hotel-cleaners-caught-using-toilet-brush-wash-cups-and
Travellers to China have to wash all the cups in the hotel rooms before using them because some 5-star hotels are using toilet brushes to wash the cups. Also, try to use your own towels instead of using the hotel towels.
The named hotels are: Sheraton, Shangri-La and Kempinski branches.
Don't ever think that a 5-star hotel is better in China because China workers have very different working cultures which are lousy and inferior.
Travellers to China have to wash all the cups in the hotel rooms before using them because some 5-star hotels are using toilet brushes to wash the cups. Also, try to use your own towels instead of using the hotel towels.
The named hotels are: Sheraton, Shangri-La and Kempinski branches.
Don't ever think that a 5-star hotel is better in China because China workers have very different working cultures which are lousy and inferior.
GL - Stock calls
Date | Analyst | Company | Last | Target | Call | Valuation |
02/15/16 | Lim & Tan | GL | 0.86 | 0 | Buy | |
02/16/16 | CIMB | GL | 0.865 | 1.26 | Add | RNAV (25% discount) CY16 |
03/03/16 | CIMB | GL | 0.85 | 1.26 | Add | |
05/13/16 | Lim & Tan | GL | 0.875 | 0 | Hold | |
05/16/16 | CIMB | GL | 0.865 | 1.18 | Add | RNAV (25% discount) CY16 |
06/17/16 | Lim & Tan | GL | 0.86 | 0 | Hold | |
07/04/16 | Lim & Tan | GL | 0.825 | 0 | Hold | |
08/30/16 | Lim & Tan | GL | 0.795 | 0 | Hold | |
09/01/16 | CIMB | GL | 0.795 | 0.86 | Hold | RNAV (40% discount) CY16 |
10/25/16 | Lim & Tan | GL | 0.79 | 0 | Buy on weakness | |
10/26/16 | CIMB | GL | 0.8 | 0.86 | Hold | RNAV (40% discount) CY17 |
12/01/16 | Lim & Tan | GL | 0.735 | 0 | Buy | |
01/25/17 | CIMB | GL | 0.78 | 0.84 | Hold | RNAV (40% discount) CY17 |
04/24/17 | Lim & Tan | GL | 0.775 | 0 | Buy | |
04/27/17 | CIMB | GL | 0.77 | 0.87 | Add | RNAV (40% discount) CY17 |
08/28/17 | Lim & Tan | GL | 0.75 | 0 | Buy | |
10/16/17 | Lim & Tan | GL | 0.855 | 0 | Buy | |
10/31/17 | UOB Kay Hian | GL | 0.905 | 1.185 | Buy | Sum of parts |
11/09/17 | UOB Kay Hian | GL | 0.885 | 1.185 | Buy | |
12/06/17 | UOB Kay Hian | GL | 0.87 | 1.185 | Buy |
Geo Energy - Stock calls
Date | Analyst | Company | Last | Target | Call | Valuation |
08/08/16 | NRA | Geo Energy | 0.103 | 0.225 | Overweight | PER7.4x |
11/02/16 | NRA | Geo Energy | 0.215 | 0.31 | Overweight | |
11/15/16 | NRA | Geo Energy | 0.265 | 0.345 | Overweight | FCFE |
02/22/17 | phillip | Geo Energy | 0.27 | 0.45 | Buy | PER11x |
03/08/17 | phillip | Geo Energy | 0.28 | 0.45 | Buy | PER11x |
05/25/17 | phillip | Geo Energy | 0.26 | 0.45 | Buy | PER11x |
08/28/17 | phillip | Geo Energy | 0.27 | 0.44 | Buy | PER10x |
09/11/17 | Amfrasers | Geo Energy | 0.25 | 0.36 | Buy | DCF, PER5x FY18 |
11/28/17 | phillip | Geo Energy | 0.255 | 0.44 | Buy | PER10x |
12/06/17 | phillip | Geo Energy | 0.26 | 0.44 | Buy | PER10x |
12/27/17 | Amfrasers | Geo Energy | 0.255 | 0.36 | Buy |
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